Prices for sunflower and other oilseeds in Russia: What to expect in the new season

Published Sep 11, 2023

Tridge summary

The text discusses the current state of the oilseeds market in the Altai Territory and Russia. The demand for oilseeds has increased, particularly for crops such as soybeans, rapeseed, and sunflower. However, prices for these crops have been volatile, with factors such as global market conditions and climatic changes affecting prices. Overall, experts predict that sunflower will have a positive market outlook, while rapeseed and flax prices may face challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Just a few years ago, crops such as soybeans, rapeseed, and curly flax were considered niche, but today hundreds of thousands of hectares are occupied by them in the Altai Territory, and even more by sunflower crops. This indicates a great demand for oilseeds from processors and, accordingly, the interest of our peasants. But the latter are worried about prices that are constantly jumping. Experts from the Grain of Siberia forum, which was recently held in Barnaul, tried to guess them. One of the best domestic experts on the oilseeds market, General Director of the ProZerno company Vladimir Petrichenko, began his speech with the statement: Russia produces more oil than it consumes, so it is important to know the situation on the world market, where palm oil accounts for the largest sales volume. After the start of the SVO, prices for it fell, but remained at an acceptable level, and they were about to go to another small hole, but a change in climatic conditions in the western ...
Source: Oilworld

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